Stock declines have shaved $2.4 trillion off China’s market value this year as of Thursday, the biggest on record since Bloomberg started compiling the data in 2002.

The closest loss was during the global financial crisis ten years ago, when the Shanghai gauge plunged 65 percent.

China also ceded its place as the world’s second-biggest stock market to Japan earlier this year.

Bleeding out

China's stock market saw the most significant value wipeout since at least 2002

Shrinking Volumes

Investors haven’t been this disengaged with stock trading in years. Average daily turnover on both the Shanghai and Shenzhen exchanges fell to about 368 billion yuan ($53.7 billion) this year, the lowest since 2014, data compiled by Bloomberg show.

China's trade war with the United States which wiped out a massive $2.4 trillion this year

Spare No One

None of the sectors were safe enough to shield investors from losses. All ten industry groups on the CSI 300 index fell on the year, the broadest decline since 2011, according to data compiled by Bloomberg.

That’s a stark reversal from last year when all sector gauges rose.

Nowhere to Hide

All ten industry groups on China's CSI 300 Index fell this year

Fewer Levers

China’s crackdown on financial leverage has achieved some results, at least in the stock market as speculators disappeared.

That’s about a third of its 2015 peak, when investors borrowed record sums to bet on further gains, fueling the great stock market bubble.

Mutual Fund Liquidations

Burnt investors have hit the exit button. A total of 75 Chinese mutual funds with an equity focus liquidated this year, Bloomberg compiled data show -- the most since 2007 when such data became available.

That compared with the 88 equity mutual funds that were liquidated in total over the past 11 years.

Cooling IPOs

New mainland listings usually surge in their early days of trading as regulatory caps on initial pricing makes it a bargain for investors.

Stocks that debuted on domestic exchanges this year rose by an average of 193 percent in their first month of trading, Bloomberg data show.

While that may not seem that bad, that’s just half the return seen in 2016, and it’s also the weakest performance in four years.